La Derecha Diario The Government completed a new debt swap with Italy for USD 10 million
The resources will be allocated to strengthening security and police equipment
President Daniel Noboa concluded his tour of Europe with a new financial agreement with Italy. Palacio de Carondelet announced a debt swap for USD 10 million, focused on strengthening public security. Presidential spokesperson Carolina Jaramillo specified that 40% of the funds will be invested in equipment for the National Police. This action is part of a broader strategy that the current administration has promoted to address organized crime in a structural manner.
Jaramillo also recalled that cooperation with Italy has previously prioritized the judicial, prosecutorial, and penitentiary systems. The common goal has been to combat money laundering, corruption, and criminal structures that affect the country.
In March, the Italian ambassador, Giovanni Davoli, held meetings with the National Assembly to strengthen cooperation channels. Back then, he expressed his country's commitment to "do more" on security issues.
This new swap adds to the diplomatic results of the presidential tour of China, Spain, and Italy, during which Ecuador managed to open new doors to investment and development. In addition, the participation of Ecuadorian companies in a European forum for SMEs in September was announced.
According to the Government, this space will allow the national productive sector to showcase its export offer in B2B format, thus expanding its presence in strategic markets. Although no further details were given about a possible joint base in Europe, diplomatic efforts continue to move forward. The Executive reaffirmed that the funds from the swap will be directed exclusively to priority areas and not to current expenditures. This stance reinforces the commitment to transparency and fiscal efficiency in the current administration.
The agreement with Italy is presented as political and technical support for the security policy implemented by Noboa's government. The use of these resources for institutional strengthening is evidence of the pragmatic and responsible approach of Ecuadorian foreign policy.
The signing of the debt swap with Italy reinforces the security strategy promoted by Daniel Noboa's Government. By allocating these funds to the National Police and the judicial system, Ecuador is moving toward greater security and a stronger international presence.
More posts: